ID.me enables financial institutions to streamline the online onboarding
process. ID.me’s KYC / AML identity verification solution offers
customers two user-friendly options to verify their identity with their
mobile device or with a picture of an ID document and selfie. In the
background, ID.me’s platform leverages authoritative data sources, fraud
algorithms and artificial intelligence to verify the identity of the
customer and perform all necessary KYC, AML and OFAC compliance checks.

ID.me streamlines the process for end-users. Manual form data entry is
replaced with intelligent data extraction, and decisions are derived in
seconds, not minutes. As a result, customers are less likely to abandon
their application and conversion rates improve.

“While customers have easier access online to hundreds of financial
products and services, proving who they are and verifying their status
has become increasingly difficult. Most KYC processes have not kept up
with the expectations of digital-first customers,” said Blake Hall, CEO
of ID.me. “ID.me improves the customer experience for banks and other
financial institutions with processes for KYC and AML built for the
digital age.”

ID.me’s document verification solution, which is central to their
cutting-edge KYC / AML identity verification solution and other identity
verification products, is also now available as a separate and
standalone product. Financial organizations turn to solutions like ID.me
to provide the technology to verify the authenticity of identity
documents. ID.me’s document verification solution uses machine vision,
proprietary rules, rich document library and AI to determine
authenticity of ID documents. Concurrently, ID.me uses advanced facial
recognition to compare the picture of the applicant on the ID document
to the selfie provided. Bad photos are the biggest cause of document
verification failures. ID.me effectively analyzes identity documents
with bad angles/perspective, blurriness, or light reflection. ID.me’s
document verification solution integrates directly into web and mobile
web flows without the user needing to download an app, a major point of
differentiation from other solutions on the market.

ID.me’s solution provides an industry-leading recognition rate,
improving conversions for account opening. “Many document verification
tools on the market take upwards of 12 seconds to complete a single
verification,” said Mike Brown, Chief Technology Officer of ID.me. “In
comparison, the median response time of ID.me’s verification tool is 0.9
seconds, allowing customers to quickly complete identity proofing so
they can access the services they need right away.”

About ID.me

ID.me simplifies how individuals prove and share their identity online.
ID.me's next-generation identity platform provides identity proofing,
authentication, and group affiliation verification for organizations
across sectors. ID.me’s technology meets the highest federal standards
for online identity proofing, authentication, KYC and AML requirements.
ID.me is used by more than 8 million individuals and 200 partners,
including financial institutions, federal and state agencies, healthcare
organizations, retailers, and nonprofits.

ID.me is participating in Money 20/20 in Las Vegas this week (Oct 21-24,
2018). Come visit us at booth 1874.